Los Angeles daily herald., 1887-03-10
ALLEGED SALE
Of the Baltimore and Ohio
Railroad
CREATING A SENSATION EAST.
Nothing Positive Can be Gathered.
Though RumOrs Are Very
Plentiful.

NEW YORK, March 9--The state menl
that the control of the Baltimore I'D
Ohio rosi has changed hands, VIII . b
appears to be authentic, has create a 3
sensation here. The city. as corpor =
tion. is largely interested in the Bait &
more and Ohio, and there are privato :
interests which ore opposed to the Con.
troll going out of Baltimore hauds. tn
Baltimore and Ohio road is looked upou
as Baltimore enterprise, and .while
Garrett has preserved reticence = Is
everything that has been rumored, tAere
are many who fear that there is truth il
the statement published. There ,r : eou,-
viction here that if the road shall pass
into other hands, the express and tale
graph system will go with it.
BALTIMORE. March Or ,bert Gar
rett, President of the Bal.imors an1
Ohio Railway, was seen to-day, but hsd
nothing to say in regard to the reported
arrangement for q transfer of the control
of that road to syndicate represeotine
the Richmond Terminal and other com
panies.
NEW York, March 9.-Alfred Sullv
was applied to by rep porter of the
Evening Post, 10 day, for some state
ment in regard to the circumstautial
reports that the syndicate representa-
by him has virtually concluded its neeo-
tiation with Garrett, of the Baltimors
and Ohio, for the purchase of the CON
trolling interest in that road aud its
dependencies. Sully said he preferred
to say nothing until he could state some-
thing definite, and that he was not ret
in position to do so. When the reporter
remarked that he supposed the fact oS
the purchase was not denied, Sully ID.
mtted that it was pretty we'll under-
stood, but said he was not prepared Do
announce the names of the parties con-
cerned or the terms of the agreement. It
was reported on the street to. day that
the price paid the syndicate for the
baltimore and Ohio stock was 225. bat .
we'll informed aud prominent banker
said he had reason to believe it wns not
over 200. The railroads represented in
the purchasing combination or in har-
mony with them would have the control
OF the anthracite coal territory in this
country. A prominent broker remarked
to-day that the new combination would
represent the New York Central, Eri:.
Pennsylvania Central aud Reading and
Jersey roads, and that these would com-
mand all the business coming into New
York. In connection with the Rob
mond Terminal and the East Tennessee.
Virginia and Georgia roads the new sys-
TEN would have the control OF nearly
all tho sea coast lines from New York 10
Florida, in connection with the Indian
apolis, Bloomington and Western rail.
way, and the subsequent absorption BY
that road OF the ONO Southern.
The prevailing belief is that the setsls-
ment OF the telegraph war will be one Of
the results of the Jersey Central, Read
ing, Baltimore and Ohio and Richmond
Terminal combination. 1t i, ackuovl-
edged that tue Baltimore and Ohio
would like to part with it's telegraph
which at present is in state
OF war.
The Executive Committee of the
r chmond Terminal Company met to.
day to consider the matter of absorbing
the Baltimore and Ohio and other eys-
tens. Action was deferred until To-
morrow.
PHILADELPHIA March 9.-The Led0er.
in its financial article Tomorrow. refer
ing TO the alleged Baltimore and Ohio
IDEAL, will say "In the various reports
that have got in circulation in the news-
papers. there have been united in an
alleged syndicate, who are supposed to
be buying the Baltimore and Ohio rail-
road, great many large railway CON-
panies and bankers. We have made in
quiry on the subject, and are able to re-
port as its result that the Pennsylvania
and the Lehigh Valley railroad
have no connection with the des: that
the controlling powers in the Reading
railroad MANAGEMENT have nothing to do
with it and that the company cannot
be used by this syndicate in any
such connection; that the friends Of
Mr.. Austin Corbin deny that he had
anything to do with the movement and
Drexel, Morgan h Co., of New York.
and Drexel Il Co., of Philadelphia, have
nothing to do with it," The Record
will say: "An important meeting Of
Adams Express officers and Others was
held in this city yesterday and il wss
learned that the following interests were
represented: Western Union Telt graph
Company, Adams Express Company
and Pullman Palace Company. These
corporations are stated to be Interested
in the deal, as they take the express, tel
graphic ard palace car privileges of tho
Baltimore and Ohio system, thus re-
moving the most formidable opposition
that thsse different interests now have,
by doing which they will ultimately got
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